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JerrySpringer
Penny Hoarding Member
669 Posts |
 Posted - 07/08/2008 : 02:28:01
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I see on Ebay that older rolls of BU coins command a nice premium over face value of the coins. I came into a box of roughly 50 rolls of sealed rolled pennies from the 60s, 70s and 80s. They may not get much of a premium right now due to their mintage stats but I am just setting them aside right now but some day I probably will be either curious to see if the coins are ~BU inside or just a bunch of mixed date rolls with nice looking end coins per a roll. What to do with them some day? Are they worth more sealed provided the coins are actually near BU quality rating or does splitting the rolls open and examining them lower the potential value of such a collection? I guess leaving them as is and maybe offering them on an auction site allows the most bidder interest to foster?
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kavajava
Penny Collector Member
USA
490 Posts |
Posted - 07/08/2008 : 07:13:53
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| I have often wondered myself how you can be (reasonably) sure that a roll with two BU coins showing is actually a full roll of all the same BU coins. Also--how to tell the date if it is not showing? Even if you are sure of the date, how do you convince a potential buyer who may or may not believe you. |
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Ant
Penny Hoarding Member
USA
894 Posts |
Posted - 07/08/2008 : 07:52:30
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| If they're straight from the mint, you could save them. Some people collect unopened rolls. |
Lovely dimes, the liveliest coin, the one that really jingles. --Truman Capote
Coins are the metallic footprints of the history of nations. --William H. Woodin |
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JerrySpringer
Penny Hoarding Member
669 Posts |
Posted - 07/08/2008 : 21:46:32
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| I have less than $25 tied up in the rolls. Push comes to shove, I split them open and decide if I can liquidate them on an auction basis if they look BU. I am floored that there are still 50+ year old rolls of non-circulated pennies and other coins still sitting in peoples' possession. Gives some motivation to maybe set aside some BU rolls we get at banks and just pass them along to our heirs as a small gift. |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 07/18/2008 : 12:08:21
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| I got boxes and boxes of RCM sealed boxes of pennies and some nickels. Easier to keep them dump. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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fb101
Administrator
USA
2856 Posts |
Posted - 07/18/2008 : 13:32:21
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Try weighing. 50*3.1 = 155 grams. If significantly less, there must be worn pennies in there too.
I don't know if that is a good idea or not, it just came to me. Good luck. |
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Cody8404
Penny Hoarding Member
USA
602 Posts |
Posted - 07/18/2008 : 16:15:09
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I was in a coin store yesterday and they had a sale on 1964, 1968, 1973 and 1980 cents in the mint rolls. They were selling for $2.50 each.
I was tempted especially as any copper cents have nearly disappeared around here. In the end I bought a nice 1983 P,D,S silver dollar set for $40 instead.
This was the first time I had seen cents in a mint roll for sale. I think holding onto them would be a good idea. Maybe see if you could get 3-4 times face for them. |
Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ. |
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JerrySpringer
Penny Hoarding Member
669 Posts |
Posted - 07/18/2008 : 22:34:48
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I'll hold onto the rolls. Maybe it is a good idea to hold onto BU rolls when one comes across them from a bank. For a thing like a coin to grow 4 or more times face value in a few decades is not a bad thing as far as I am concerned. If times get tough, I'll have to raid the rolls to pay my bills, knock wood.
Check this out:
You must be logged in to see this link.
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starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
Posted - 07/20/2008 : 11:32:28
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| Rolls are great! I'd keep them as they are. Big premiums. Be careful to store them properly though, as the paper can potentially damage the coins over time. As always, I would recommend vaccuum sealing. |
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JerrySpringer
Penny Hoarding Member
669 Posts |
Posted - 07/21/2008 : 00:32:10
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Another amazing auction:
You must be logged in to see this link.
Some of you guys that have wondered how you could make coin collecting into a profitable venture. Looks like if you can find a source of BU rolls, even 2008, there is a good market of others to pay a great percentage over face for them. Is the market going to continue so? You don't think it is a form of tulip mania? As others see what kind of premium that a 2008 box of BU coins can fetch, the interest ramps up... |
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starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
Posted - 07/21/2008 : 14:17:21
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| Big premiums! |
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just carl
Penny Hoarding Member
USA
601 Posts |
Posted - 07/24/2008 : 21:29:14
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| Odd thing is from what I know the Mint does not roll coins. They are sent out for rolling. The Mint produces coins by the bag. Therefore, any so called MINT rolled coins are falsely advertised to begin with. And most people that sell those so called Mint rolls usually state that they don't know the inner coins since the rollw were never opened. This way if you get some and the inner coins are just garbage, your loss. No one said they are ALL checked and verified. |
Carl |
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ScottyTX
Penny Hoarding Member
USA
508 Posts |
Posted - 07/28/2008 : 22:36:48
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| Well, I mainly collect unopened original rolls of pennies as my coin collecting hobby and can tell you that some dates and mints are currently commanding quite a premium in an "original wrapped roll" Many banks used to actually roll there own coins from the mint canvas bags so the term Original Bank roll sometimes is used. There is No such thing as an original bank roll in modern times as most get rolled by brinks and such. There only recently has been mint wrapped rolls for sale but even that was done off location by contractors as well and then sold by the mint. Anyways leaving them in the original wrappers is only a good idea if they are truly unopened and in original wrappers (which can still be protected long term if done correctly). Otherwise a good storage tube would be best. Most people won't trust that the rolls haven't been cherry picked and replaced in a tube unless its in a "OBW" roll or from a very reliable source. Anyways if you ever want to know Bu roll values checkout greysheet.com and get a copy of week 3A. |
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just carl
Penny Hoarding Member
USA
601 Posts |
Posted - 08/07/2008 : 09:12:56
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As to the original question of what to do with them. All depends on your age I guess. If your an elderly person like me, open the things. If all Uncirc's, put them in plastic roll and sell them. If your really old you may not be around long enough to know what they really were. The Mint does not roll coins so they could have been rolled by your neighbor in a bar for all anyone knows. If your young and want to take a chance on keeping something that may or may not ever attain any great value, put them in a box and forget them for about 50 years.
Me, I'm old. I'd open them and if nothing valuable, into a bank. |
Carl |
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What to do with unopened vintage rolls?
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